Transactions by CANADIAN NATL RAILWAY CO (CNR) in the last 6 months

Announced 10/21/14

Canadian National Railway Company

Buyback

Canadian National Railway Company (TSX:CNR) announces a share repurchase program. Under the bid, the company will repurchase up to 28,000,000 shares, representing 3.44% of its issued capital. The price that will be paid is the market price at the time of repurchase, plus brokerage fees and purchases made under an issuer bid exemption order will be at a discount to the prevailing market price as per the terms of the orders. The bid will be conducted through a combination ... of discretionary transactions and automatic repurchase plans through the facilities of the Toronto and New York stock exchanges, or alternative trading systems, if eligible, and will conform to their regulations, by means of open market transactions or such other means as the TSX or a securities-regulatory authority may permit, including private agreements under an issuer bid exemption order issued by a securities regulatory authority in Canada. The repurchased shares will be cancelled. The TSX rules permit Canadian National Railway to repurchase daily, through TSX facilities, a maximum of 256,297 shares. Company’s management and Board of Directors believe that the repurchase by the Company of its shares represents an appropriate use of its funds. The repurchases will end on October 23, 2015. As of October 15, 2014, Canadian National Railway has 709,302,712 shares outstanding.
On January 30, 2015, the company announced an agreement through the arm's-length third-party seller. Under the plan, the company will repurchase 1,200,000 shares pursuant to private agreements between the company and an arm's-length third party seller. Company's purchases under such private agreements will not exceed, in the aggregate, one-third of the maximum number of shares that it may purchase under its program as announced on October 21, 2014, or 9,333,333 shares. The price that the company will pay for any common shares purchased by it under such agreements will be negotiated by the company and the third party seller and will be at a discount to the prevailing market price of the company's shares the Toronto Stock Exchange at the time of the purchase. The plan will take place before March 31, 2015.
The Board of Directors of Canadian National Railway Company has authorized a buyback plan on October 21, 2014.
On October 21, 2014, the company initiated. The program will commence on October 24, 2014.
On October 27, 2014, the company initiated a Negotiated Buyback. Under the plan, the company will repurchase up to 5,175,000 shares pursuant to private agreements between the company and an arm's-length third party seller. Company's purchases under such private agreements will not exceed, in the aggregate, one-third of the maximum number of shares that it may purchase under its share repurchase program announced on October 21, 2014, or 9,333,333 common shares. The price that the company will pay for any common shares purchased by it under such agreements will be negotiated by the company and the third party seller and will be at a discount to the prevailing market price of the company's shares the Toronto Stock Exchange at the time of the purchase.
On January 29, 2015, the company repurchased 320,000 common shares from an arm’s length third party seller shareholder through private agreement for an aggregate purchase price of CAD 24.55 million.
From October 21, 2014 to December 31, 2014, the company has repurchased 5,600,000 shares, representing 0.69% for CAD 410 million. With this, the company has completed the repurchase of 5,600,000 shares, representing 0.69% for CAD 410 million under the buyback announced on October 21, 2014.
On February 9, 2015, the company initiated a Negotiated Buyback. Under the plan, the company will repurchase up to 658,333 shares pursuant to private agreements between the company and an arm's-length third party seller. Company's purchases under such private agreements will not exceed, in the aggregate, one-third of the maximum number of shares that it may purchase under its share repurchase program announced on October 21, 2014, or 9,333,333 common shares. The price that the company will pay for any common shares purchased by it under such agreements will be negotiated by the company and the third party seller and will be at a discount to the prevailing market price of the company's shares the Toronto Stock Exchange at the time of the purchase.Read More

CNR's price was unchanged after the transaction was announced on 10/21/14.

Announced 09/24/14

76.00M for Canadian National Railway Company, A Segment of CN Rail Line in Georgetown-Kitchener

Merger/Acquisition

Metrolinx acquired a segment of CN rail line in Georgetown-Kitchener from Canadian National Railway Company for CAD 76 million on September 4, 2014. Canadian National Railway will retain freight operating rights over the line segment sold to Metrolinx.

CNR's price was unchanged after the transaction was announced on 09/24/14.

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